My friend applied McNair Tower, the application ratio is 2.8 for first timers (2nd timers is 10x of that) so about 40% chance. Given the excellent location ... why most first timers applied Sengkang instead (3.8)... looks like not many can afford that 500k price tag even family income ceiling has been raised to 10k per month. A sign that HDB in good location, even subsidized, has moved beyond the affordability of first time buyers. Of course by no means HDB prices has peaked. But I can start to see social divide:
1. Last time Pinnacle@Duxton, even family with 5k income can apply and afford it
2. Now even Boon Keng, without income of 7-8k, you will be hard pressed to swallow that 500k+ price tag
3. Higher income family will now has much higher chance to secure a prime HDB BTO
It will be interesting to break down how many first timers apply for 3r and how many for 4r
Ride at your own risk !!!